Chapter 23: 1920-1929 I. Economy A. Booming business 1. Unemployment as low as three percent, steady prices, and the GNP grew by 43 percent from 1922 to 1929 2. Consumer goods such as home appliances (vacuums, refrigerators, washing machines, etc.) i. Sixty percent of US homes electrified by mid 1920s 3. Automobiles i. By end of decade, automobile industry accounted for about nine percent of all wages in manufacturing and stimulated other industries 4. Soaring stocks set market up for disaster in 1929 5. Capitalism abroad i. US meatpackers in Argentina ii. Anaconda Copper acquired Chile?s biggest copper mine iii. United Fruit Company established processing plants across Latin America B. Tariffs